SIR I INCORPORATED A NEW COMPANY. NOW IS IT NECESSARY TO FILE DIR-3C AND WHO IS TO REPRESENT THIS FORM UNDER COLUNM (TO)

Dear all,

We are in a situation wherein we r required to allot shares for consideration other than cash. however we cannot go for private placements due to certain issues. and now we contemplate to go for Rights issue and then ask the existing shareholders not to exercise there option. once the option is not exercised, we then plan to conduct a board meeting and then allot shares to our selected buyer for consideration other than cash(as once the shares are not bought under rights issue, board can allot shares to anyone in the interest of the comapny). I request the learned members of the group to guide whther the transaction would voilate any provisions of the act.

As per Sec.139(2) of Companies Act,2013 read with Rule of Companies(Audit and Auditors) Rules, 2014, rotation of auditors apply even to the Pvt. Ltd. Companies if their paid-up capital is 20 crores or more.

So for example, a Pvt. Ltd. Company is incorporated on 01/04/2014 and is having the same auditor (an individual) right from incorporation and it increases its paid-up capital to 21 crores on 31/07/2019. Can it appoint the same auditor for 5 more years or only for 1 year?

To put it simply, applicability of provisions pertaining to rotation of Auditor starts only from the year in which the condition is satisfied or even the previous period in which a person is an auditor needs to be counted?

Dear sir,

Can Partnership firm accept loan from its Statutory auditor?

Casual vacancy in a pvt co due to resignation of auditor in August 2015. New auditor being appointed after 11 months in July 2016 for the year 2015-16. Now the company if file ADT-1 showing resignation and appointment on above dates is there any violation and what is the remedy. pls suģgest

Whether Company which has not done annual filing can be wound up under fast track exist Scheme????????

Can a Company apply for Change in Name immediately after its Incorportaion?

A partnership firm having three partners which carries construction work. A partnership Firm constructed an apartment. Three residential flats are unsold.
The partners wish to distribute unsold flats amongst themselves (Treatment of capital Gain in case of transfer) and close/ dissolve the firm. What will be the treatment in the hands of firm as well as partners under Income Tax Act. Also, procedure for closure of partnership firm under IT Act & Other statute i.e. Partnership Act.

Please guide me

as early as possible

can a independent directors wife be appointed as an Independent director in the same company if they are not having relation with the company????

in clause (d)------ whether it (2% of turnover) or (total income) or 2% of(turnover or total income)